The unrecognized territory of Transnistria is reported to be seeking investment from Russian mining entrepreneurs to establish bitcoin mining farms, according to Russian news outlet Lenta. The report suggests that the territory hopes to enter the industrial cryptocurrency mining industry. Also Read: Crypto Mining “More Profitable Than Drugs and Arms Trafficking” in Russia Transnistria Is Hoping to Capitalize Upon Its...

The price of bitcoin has been trending higher since our last markets update and is currently hovering around the $4,275 – $4,295 zone on September 30 at 11:00 pm EDT. The decentralized cryptocurrency has climbed roughly 2 percent on a daily basis over the course of last week as buyers steadily chew through market resistance. Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar Bitcoin Markets...

Christine Lagarde, head of the IMF, warns central bankers that bitcoin is rising. She has told them not to discount digital currencies, because they are gaining more adoption and traction. Lagarde addressed this issue in a conference Friday in London. She said digital currencies might give existing currencies “a run for their money.” Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar...